Stocks mostly declined on the Trinidad and Tobago Stock Exchange last week, with 14 falling and only 8 rising, compared to 10 to 6 at the close of the previous week, as the market lost 1.14 percent in value, following a 2.12 percent fall in the All Trinidad and Tobago index.
The market closed with big price changes last week. Ansa McAl dropped $3.64 to close at $38.35, followed by a decline of $1.75 by Republic Holdings to end at $110.25, while recently listed Medcorp lost $1.50 to end the week at $52.50, Scotiabank shed 75 cents to close at $50.25. Guardian Holdings lost 85 cents in closing at $16, Angostura Holdings fell 69 cents to $14.06, Agostini lost 50 cents to end at $66.50 and Unilever Caribbean fell by 55 cents to $13.
Ansa Merchant Bank rose 99 cents to close at $38.99 and Endeavour Holdings popped 90 cents higher to $20.
At the week’s close, the average PE ratio of the market ended at 17.68, based on 2024 earnings and 12.04, based on 2025 estimated earnings, suggesting a 47 percent potential gain for stocks in 2025/26.
Stocks with the potential to gain 50 percent or more when the market comes back to life, include CIBC Caribbean Bank 175 percent, Guardian Holdings, 400 percent, Medcorp, 160 percent, Republic Holdings at 140 percent, First Citizens Bank 90 percent, Trinidad Cement with 270 percent, Eric Solis 200 percent and One Caribbean Media with 400 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 60 percent and Scotiabank with the potential of a 60 percent gain.